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Tuesday, 21/4/2026 | 00:07 GMT+7

Dien May Xanh earns over one billion dong per hour

Achieving over one billion dong in profit every hour in Q1, Dien May Xanh is accelerating its ecosystem expansion in preparation for an initial public offering this year.

According to the business report from Dien May Xanh Investment Joint Stock Company, the enterprise achieved over 32.610 billion dong in revenue in Q1, a nearly 30% increase year-on-year. Net profit reached 2.206 billion dong, almost one and a half times higher than the same period last year. This translates to an average daily profit of over 24.5 billion dong, equivalent to more than one billion dong per hour. The net profit margin also improved to 6.8%.

Dien May Xanh's growth stemmed from several key pillars. Topzone recorded the highest growth rate at 42%, followed by The Gioi Di Dong at 34%, and Dien May Xanh itself at over 30%. By product category, mobile phones saw a 65% increase, while home appliances and refrigerators both rose by 45%.

By the end of Q1, the system maintained its scale with 2,006 Dien May Xanh stores, 929 The Gioi Di Dong points of sale, and 85 Topzone stores, unchanged from early this year.

The Tho Dien May Xanh technical service segment generated 700 billion dong in revenue, up 45%, with over 8,000 personnel; revenue from external customers accounted for 18%. On the digital channel, the Super App recorded 2.000 billion dong in revenue, attracting 44 million visits. The average order value increased by 28%, aiming for an "online hypermarket" model integrating retail, services, and finance.

In the international market, the EraBlue joint venture in Indonesia achieved 906 billion rupiah (approximately 1.400 billion dong) in revenue. The average revenue per store there is 1,5 to 2,6 times higher than equivalent domestic models. The chain currently has 212 stores, aiming to approximately double its presence by 2027 and quadruple it to 1,000 points of sale by 2030.

For this year, Dien May Xanh targets 122.500 billion dong in revenue and 7.350 billion dong in net profit, representing increases of nearly 12% and 27% respectively compared to 2025. According to its plan, Dien May Xanh will launch an initial public offering (IPO) this year, pending regulatory approval. The maximum offering size is 179,5 million shares, equivalent to 16.3% of its capital. Each share is expected to be offered at no less than 16,163 dong, and all proceeds will be used by Dien May Xanh to repay short-term loans.

Thi Ha

By VnExpress: https://vnexpress.net/dien-may-xanh-lai-hon-ty-dong-moi-gio-5064859.html
Tags: business results The Gioi Di Dong Dien May Xanh DXM

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